20,000,000 SHA To Be Airdropped On Bitrue From March To June

3 min readMar 14, 2019

March 14

Bitrue is a forward-thinking cryptocurrency exchange platform dedicated to providing the most trustworthy digital asset management services in a simple, efficient and secure manner.

Our philosophy has always been putting users first, constantly refining user experience by enhancing security, tuning UI, building localized and professional customer support teams while maintaining a healthy trading landscape.

In celebration of SHA (Safe Haven) listing on Bitrue, we’ve planned an Airdrop Event for SHA holders from March to June!

We’re excited to announce that SHA(Safe Haven) will land on our platform at 15:00 on March 15! Opening for trading will be SHA/XRP and SHA/BTC.

SHA deposit and withdrawal will be enabled on March 14.

To celebrate the listing and welcome the SHA community members, we’ve planned an airdrop event which will last from March to June. A total of 20,000,000 SHA will be distributed to SHA holders during the time.

1. Initial Airdrop Of SHA

Snapshot time: The Snapshot will be taken at 0:30 UTC+8, March 23.

Airdrop rule:

The total SHA amount for initial airdrop is 2,000,000 SHA.
Eligible users will receive SHA airdrop according to the rate of possession (Sum of daily SHA snapshot amount of user / Sum of daily SHA snapshot amount of all users).
The distribution of initial SHA airdrop will be at 14:00 on March 25, UTC+8.
Users need to hold at least 1,000 SHA to be eligible for participating.

2. Monthly Airdrops Of SHA

Monthly airdrops will follow after the initial SHA airdrop, from March 26 to June 25.

Users who hold both SHA and XRP can earn additional airdrop reward. The detailed airdrop rules are as follows:

Snapshot time: Bitrue will take a daily snapshot of all individual accounts that hold SHA balances at 0:30 (UTC+8) and record everyday.

Airdrop rule:

a) SHA airdrop timeline:

b) XRP holders could enjoy premium SHA airdrop rate during event period.

c) Calculation method:

Distribution amount for each eligible user = Rate of SHA possession at Bitrue * Amount of monthly SHA airdropped

Rate of SHA possession at Bitrue = (Sum of SHA daily snapshot balance of user * XRP premium rate) / Sum of SHA daily snapshot balance of all users

XRP premium rate:

d) Monthly airdrops will be distributed in 2 working days after final snapshot. Users whose monthly airdrop reward is lower than 1 SHA, will not receive the reward.

*NOTE*

Bitrue reserves the rights to change these terms at any time in its sole discretion. For detailed rules, please check Bitrue’s official announcement.

Bitrue Team

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